'AI ending humanity is nonsense': Ex-Infosys CEO Vishal Sikka rejects growing doom warnings

Against that, the stock is -2.2% on the day at ₹991.90, and has returned -7.4% over three months. It sits 41% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -3.2% over the same period, so Infosys is running 4.2 points behind its peers.

For Infosys, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.